SMM Daily Report: Tightening of coke supply expected to stabilize prices next week

On the supply side, upstream coal mines are slow to resume production due to safety inspections, resulting in a tight supply of coking coal. On the demand side, downstream coke enterprises are reducing production and their demand for raw materials is weakening, leading to generally low raw material inventory levels. Looking ahead, despite overall weak demand, the tight supply of coal will make it difficult for coking coal prices to fall, and it is expected that coke prices will remain weak next week.